Short

U-soil daily downtrend returns?!

Updated

Good morning all. I'm currently looking at U-soil for a nice swing trade to the down side. Currently we have broken our daily trend line from December swing low and failed to find buying support around my marked zones. I will be looking to enter a short on the retest of 55.50 - 55.75 area covering short back at January lows.

Any ideas or concerns?

Cheers.

Trade active

I am currently started to scale into my short position. I will continue to scale in until around 57.25. My stop still sitting at a break of swing high of 58.00.
Remember to allocate proper personal risk tolerance if scaling into a position.

Trade active

I am currently fully scaled into my short position with my stop above the daily resistance zone. I'm sticking to my trade plan even though some of the price action has almost convinced me to adjust my plan. Will follow trade plan till completion and will update as we go.

Following your trade plans and proper risk management on all trades will lead to improvement!
Good luck traders

Trade closed: stop reached

Stopped out of position.

hitek864

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